AM Best affirms credit ratings of EyeMed Insurance Company
OLDWICK: AM Best, a global credit rating agency, news publisher and data provider specializing in the insurance industry, has affirmed the Financial Strength Rating of...
SGX RegCo enhances rules governing listings review, increases oversight and due diligence standards
SINGAPORE: Singapore Exchange Regulation (SGX RegCo) is incorporating The Association of Banks in Singapore (ABS) Listings Due Diligence Guidelines (ABS Guidelines) and Issue Managers (IM)...
AM Best maintains Brazil reinsurance market outlook at negative
NEW YORK: AM Best continues to hold a negative outlook on Brazil’s reinsurance sector, due predominantly to macroeconomic instability and a declining interest rate environment...
Al Salam Bank opens new Riffa branch in Al Raya Mall
MANAMA, BAHRAIN: Al Salam Bank-Bahrain officially opened its newest branch at Al Raya Mall in Riffa in the presence of the Executive Director of Banking...
SeABank and Prudential Vietnam jointly establish exclusive bancassurance partnership
LONDON: Prudential Vietnam Assurance Private Limited, a subsidiary of Prudential plc, and Southeast Asia Commercial Joint Stock Bank (SeABank) have entered into an exclusive bancassurance...
BetMakers extends its partnership with Racing Victoria
SYDNEY AUSTRALIA: BetMakers Technology Group’s subsidiary DynamicOdds has extended its Australian Principal Racing Authority Official Price project through its existing partnership with Racing Victoria (RV)...
Allied Wallet China hits 200mn eWallet users worldwide
BEIJING–(BUSINESS WIRE)–Allied Wallet China, an Asia-based division of Allied Wallet providing online payment processing, and Founder Andy Khawaja recently celebrated reaching over 200 million eWallet...
Sovcombank to acquire Liberty Insurance
MOSCOW: Sovcombank and Liberty Mutual Group have entered into a definitive agreement whereby Sovcombank will acquire Liberty Insurance PJSC, a Russian subsidiary of Liberty Mutual....
Declining rates could threaten profitability of U.S. workers’ compensation line
NEW YORK: Declining rates and growing competition in the U.S. workers’ compensation insurance segment could begin to challenge carriers’ ability to retain profitable accounts and...
TBC Bank signs GEL 90 million loan agreement with European Investment Bank
LONDON, UK: TBC Bank Group’s subsidiary JSC TBC Bank has signed a loan agreement in the amount of GEL (lari) 90 million with the European...
EFG Hermes enters insurance business with proposed acquisition of Tokio Marine Egypt
CAIRO, EGYPT: EFG Hermes announced entry into a definitive sale and purchase agreement (SPA) to acquire a 75% stake in life insurance player Tokio Marine...
SICO becomes issue execution advisor to proposed acquisition of BISB by National Bank of Bahrain
MANAMA, BAHRAIN: SICO BSC has been recently appointed as issue execution advisor, receiving agent, and allotment agent in the proposed voluntary acquisition of Bahrain Islamic...